News for Ruchi Soya Industries Limited (RUCHISOYA.BO)

The rise in demand for Fats and Oils-based beauty and healthcare products continues to accelerate due to advancements in scientific research and increasing...

Patanjali Foods share price: Reports said Promoter entities Patanjali Ayurved, and Patanjali Parivahan were looking to sell up to 11 million shares in the company

Patanjali Foods says the deal will accelerate its transition into a leading FMCG company.

According to Prophecy Market Insights “Lecithin and Phospholipids Market accounted for US$ 5.5billion in 2022 and is estimated to be US$ 10.9 billion by...

Total income rose to Rs 7,810.50 crore in the April-June quarter of 2023-24 from Rs 7,370.07 crore in the corresponding period of the previous year.

SkyQuest projects that the oilseed market will attain a value of USD 503.69 billion by 2030, with a CAGR of 8.2% over the forecast period (2023-2030)....

On July 13, the company launched the offer for sale (OFS) with a floor price of Rs 1,000 per share, which represented a discount of approximately 19% compared to the previous closing price

The shares of Patanjali Foods will be offloaded through the OFS route and the floor price has been fixed at Rs 1,000 per equity share for the offer

This OFS will allow its promoter entity Patanjali Ayurved to offload 2.53 crore shares at the fixed floor price.

Over the next five years Patanjali Foods expects to draw between 5-10% of its turnover from premium products, catering to consumers at the upper end of the consumption basket. Currently premium products account for 3% of the company’s business

As per the report by Visiongain, the global Vegetable Oil Market was valued at US$323.18 billion in 2022 and is projected to grow at a CAGR of 6.2% during...

Buzzing stocks of Tata Steel, Central Bank, Spandana Sphoorty, Brookfield REIT, IDBI Bank, Patanjali Foods, Gujarat Containers, Prince Pipes, Angel One, Varun Beverages, Ambuja Cements, Fino Payments Bank, Cigniti, Axis Bank, Blue Star, Biocon

Buzzing stocks: Patanjali Foods, NACL Industries, ITC, Sundaram Clayton, Ramkrishna Forgings, Titagarh Wagons, L&T Finance Holdings, Sarda Energy, Jaypee Infratech, Sunflag Iron, Mindspace REIT, NIBE, BLS International, Federal Bank

The palm oil industry has become a major global economic force in recent years, with production and consumption increasing rapidly.

HCP Plastene Bulkpack (up 65 times), Tata Teleservices (Maharashtra) (up 57 times), Brightcom Group (up 56 times), Hazoor Multi Projects (up 55 times return), Imagicaaworld Entertainment (up 55 times), Cosmo Ferrites (up 54 times) and Adani Green Energy (up 54 times) were other stocks which turned out to be multibaggers.

Shares of Adani Wilmar and Ruchi Soya hit 5% lower circuit on the BSE amid volatile sentiment in the broader indices.

The BSE Sensex and Nifty50 recovered some of their monthly losses but were still down nearly four percent in the month of May.

As per the pivot charts, the key support level for the Nifty is placed at 17,413, followed by 17,362. If the index moves up, the key resistance levels to watch out for are 17,538 and 17,611.

Trends on SGX Nifty indicate a gap-up opening for the broader index in India with a gain of 110 points.